AM Squared Ltd Lowers Holdings in D.R. Horton, Inc. (NYSE:DHI)

AM Squared Ltd trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 33.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 200 shares of the construction company’s stock after selling 100 shares during the period. AM Squared Ltd’s holdings in D.R. Horton were worth $38,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Coastline Trust Co purchased a new position in shares of D.R. Horton during the third quarter worth $26,000. Rakuten Securities Inc. boosted its position in shares of D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares during the period. Bfsg LLC boosted its position in shares of D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after buying an additional 74 shares during the period. Wolff Wiese Magana LLC boosted its position in shares of D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares during the period. Finally, Grove Bank & Trust boosted its position in shares of D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after buying an additional 93 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 1.3 %

DHI opened at $161.61 on Friday. The business’s 50-day simple moving average is $182.40 and its 200-day simple moving average is $166.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. D.R. Horton, Inc. has a one year low of $125.28 and a one year high of $199.85. The stock has a market capitalization of $52.66 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 0.57 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the prior year, the business earned $4.45 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. Analysts anticipate that D.R. Horton, Inc. will post 14.54 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group lowered their price target on D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a research note on Tuesday, October 15th. Wells Fargo & Company reduced their price objective on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada reduced their price objective on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $185.87.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.